USDJPY has broken through a line of 148.1850 and suggests a possible movement to 149.3634 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 21 days.
An emerging Rising Wedge has been detected on GBPJPY on the 15 Minutes chart. There is a possible move towards 199.1409 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
BTCUSD is heading towards a line of 107416.2578. If this movement continues, the price of BTCUSD could test 107416.2578 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
BRN/USD has broken through a line of 67.2735 and suggests a possible movement to 66.5176 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Emerging Rising Wedge pattern in its final wave was identified on the USDJPY 4 hour chart. After a strong bullish run, we find USDJPY heading towards the upper triangle line with a possible resistance at 149.6137. If the resistance shows to hold, the Rising Wedge pattern suggests a rebound back towards current levels.
ETHUSD has broken through a resistance line. It has touched this line at least twice in the last 9 days. This breakout may indicate a potential move to 4516.0809 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
A Channel Up pattern was identified on NGC/USD at 2.939, creating an expectation that it may move to the resistance line at 3.0823. It may break through that line and continue the bullish trend or it may reverse from that line.
S&P500 is moving towards a line of 6479.7700 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If S&P500 continues in its current trajectory, we […]
